Page 1265 - Company News

Venture capital firm Cactus Venture Partners invests $4 mn in Kapture CX

Venture capital firm Cactus Venture Partners on Thursday said it has invested $4 million (about Rs 33 crore) in software-as-a-service (SaaS)-based customer support automation startup Kapture CX

Harley-Davidson quarterly profit skids, outlook revised on production halt

Net profit fell to $178 million, or $1.22 per share, in the quarter, from $215.9 million, or $1.46 per share, a year earlier

Bharat Biotech picks up 20% stake in Eastman Exports Global Clothing

The Bharat Biotech Group has picked up 20 per cent in Tamil Nadu-based knitwear firm Eastman Exports Global Clothing Private Ltd, for an undisclosed amount

Crypto exchange CoinSwitch lists holdings after its second POR report

This signifies that the company maintains a holdings ratio of 1:1 or more, meaning that it holds all user assets and fiat balances

Zydus gets USFDA nod to market cancer treatment generic injection

Zydus Lifesciences on Thursday said it has received approval from the US health regulator to market a cancer treatment generic injection in the American market

Akums Drugs gets DCGI nod for triple combination diabetes medication

Akums Drugs and Pharmaceuticals on Thursday said it has received approval from the Drug Controller General of India (DCGI) for triple combination diabetes medication

Top shareholders of drugmaker Cipla looking to sell stake: Report

The company has hired an investment bank to advise on the deal, the report said

ArcelorMittal reports over 50% fall in net income in April-June quarter

Global steel giant ArcelorMittal on Thursday posted over 50 per cent decline in its net income at $1,860 million in the April-June quarter.

McDonald's India franchisee Westlife's profit misses as costs mount

The franchisee for the US fast-food chain said consolidated net profit after tax rose to 288.3 million rupees ($3.52 million) for the quarter through June from Rs 23.58 crore a year earlier

Renault Nissan Automotive crosses 2.5 mn production mark at Chennai plant

The plant is spread over 600 acres and caters to both domestic and export market requirements for Renault and Nissan

Corporate funding in energy storage halves to $7 bn in Jan-Jun: Report

The segment had attracted $15.8 billion during the same period in 2022, the research firm said in its latest report

BPCL still in talks with Rosneft for Russian oil deal, discounts narrow

Reuters last month reported that BPCL is in talks to buy up to 6 million metric tons of Russian oil under a term deal with Rosneft

Air India plans to start flights to Los Angeles, Boston; assesses metrics

Currently, the airline operates non-stop flights to five American cities -- Washington, DC, New York, New Jersey, Chicago and San Francisco

Adani's Mundra port handled 5,300 TEUs in July, crosses pre-Biparjoy levels

With this the handling has crossed the pre-Cyclone Biparjoy levels of around 4,900 TEUs, Adani Group said in a statement on Thursday

Marico to acquire 58% stake in Satiya Nutraceuticals for Rs 369 cr

The company has signed a definitive agreement to acquire a majority stake of 58 per cent in Satiya Nutraceuticals for a consideration of Rs 369.01 crore, Marico said in a regulatory filing

ACC, Ambuja Cements face resistance from shareholders to adopt FY23 results

The resolution at Adani-owned ACC and Ambuja Cements was still passed with the support of promoters

Reinstate 169 workers with full back wages: Supreme Court tells Jet Airways

Jet Airways, once India's largest private airline, ceased operations in April 2019, unable to meet its financial obligations

Foxconn unit in talks for $200 mn components plant in Tamil Nadu: Reports

Brand Cheng, CEO of Foxconn Industrial Internet (FII), and other company representatives last week met Tamil Nadu officials including its chief minister to discuss investments in the state

State Bank of India takes PC Jewellers to NCLT over loan account default

The bank, who filed an insolvency plea against the jewellery company in NCLT, had classified PC Jeweller's loan account as a non-performing asset in June, 2021

Demand woes, lower realisations to hit specialty chemical makers in FY24

Sector is expected to underperform as brokerages cut profit estimates